Agricultural Dev. Bank's branch earns 12.3 million in 6 months

The Agricultural Development Bank, Kawasoti Branch, made more than Rs. 12.3 million profits during the first quarter of the current fiscal year, said Branch Manager Sombilash Devkota. He said the farmers visit the bank for banking services due to its minimum interest rate offer compared to other private banks. He said the bank was providing loan at 12 per cent interest rates to the farmers which, he said, is lower than other banking institutions. Similarly, the bank collected Rs. 13.3 million deposits during the same period of this fiscal year. The Kawasoti branch of the bank has provided loans to as many as 1,472 local customers.

Source:
tht